The Broncos announced Tuesday night that Rob Walton, Carrie Walton Penner and Greg Penner have reached a purchase agreement to take majority ownership of the team.
The official sale amount has not been released, though 9News in Denver reports that the sale price is a U.S. sports franchise record of $4.65 billion.
Walton is the billionaire heir to superstore chain Walmart after his father created the Arkansas-based business. He is worth around $70.5 billion, according to Forbes.
